Parex Resources Inc. engages in the exploration, development, production of oil and natural gas in Colombia. The company holds interests in onshore exploration and production blocks totaling approximately 6,521,632 gross acres. As of December 31, 2021, it had proved plus probable reserves of 198,825 million barrels of oil equivalent. The company was incorporated in 2009 and is headquartered in Calgary, Canada.
Parex Resources Dividend Announcement
• Parex Resources announced a quarterly dividend of $0.28 per ordinary share which will be made payable on 2024-09-16. Ex dividend date: 2024-09-09 • Parex Resources annual dividend for 2024 was $0.84 • Parex Resources annual dividend for 2023 was $1.11 • Parex Resources's trailing twelve-month (TTM) dividend yield is 15.06% • Parex Resources's payout ratio for the trailing twelve months (TTM) is 36.58%
Parex Resources current trailing twelve-month (TTM) dividend yield is 15.06%. Interested in purchasing Parex Resources stock? Use our calculator to estimate your expected dividend yield:
Parex Resources Financial Ratios
P/E ratio3.00
PEG ratio0.03
P/B ratio0.49
ROE16.46%
Payout ratio36.58%
Current ratio1.14
Quick ratio1.10
Cash Ratio0.48
Parex Resources Dividend FAQ
How much is the next Parex Resources dividend?
Parex Resources's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Parex Resources dividend. The next Parex Resources dividend will be released in March, June, September, or December.
When is Parex Resources dividend paid?
Parex Resources pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Parex Resources pay?
The specific amount of Parex Resources dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Parex Resources's dividend history.
Does Parex Resources stock pay dividends?
Yes, Parex Resources does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Parex Resources's dividend history.
How much dividend does Parex Resources pay?
Parex Resources paid $0.842 in 2024, $1.11 in 2023, $0.708 in 2022, $0.396 in 2021, and $0.0 in 2020.
How often does Parex Resources pay dividends?
Parex Resources typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Parex Resources's dividend yield?
The current dividend yield for Parex Resources is 15.06%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Parex Resources's exact dividend yield.
When does Parex Resources go ex dividend?
Parex Resources's ex-dividend date for the latest dividend was on 2024-09-09. Parex Resources typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Parex Resources dividend paid?
Parex Resources pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Parex Resources increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Parex Resources will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Parex Resources dividend per share?
Parex Resources paid $0.842 per share in 2024 and $1.11 per share in 2023. The amount of dividend per share that Parex Resources pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Parex Resources a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Parex Resources a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Parex Resources a dividend stock?
Yes, Parex Resources is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Parex Resources a good dividend stock?
Whether Parex Resources is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Parex Resources has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Parex Resources as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Parex Resources pay dividends monthly?
Parex Resources typically pays dividends on a quarterly basis.
Does Parex Resources pay dividends quarterly?
Parex Resources currently pays dividends on a quarterly basis.
Has Parex Resources ever paid a dividend?
Yes, Parex Resources has a history of paying dividends to its shareholders. Parex Resources is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Parex Resources dividend stocks?
To buy Parex Resources you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Parex Resources stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Parex Resources pay dividends 2024?
Parex Resources pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Parex Resources increase its dividend in 2024?
Decisions regarding Parex Resources dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Parex Resources dividend overview you can look into the above table of dividend history.
How Parex Resources dividend works?
The Parex Resources dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Parex Resources's dividend process works:
1. Determination of Dividend: Parex Resources's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Parex Resources publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Parex Resources distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Parex Resources are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Parex Resources dividends paid?
Parex Resources dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Parex Resources sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Parex Resources distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Parex Resources declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Parex Resources pay dividends?
Parex Resources typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Parex Resources pay dividends?
The general pattern is that Parex Resources pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Parex Resources dividend safe?
The safety of Parex Resources's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Parex Resources's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Parex Resources's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.